Allwyn merged with its Greek subsidiary OPAP, according to the report. The report also says Allwyn acquired US fantasy operator PrizePicks recently and holds a stake in online sports betting company Betano.
The merger changes the structure of a lottery and gaming group with operations in Greece.
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Allwyn said Brazil’s temporary ban on online sports betting and iGaming could affect its 2026 financial outlook. The group said its previous guidance of an Adjusted EBITDA margin of about 37% no longer applied; its preliminary assessment was that the impact would be limited if the ban remained in force for the rest of 2026. Kaizen Gaming, in which Allwyn holds a 36.75% stake, is preparing legal action to protect Betano’s rights in Brazil, according to Allwyn.
Allwyn chief executive Robert Chvátal and chief financial officer Kenneth Morton discussed sportsbook acquisitions and secondary listing plans in an EGR interview published on 28 August. The interview followed Allwyn’s Q2 earnings and included management support for its new UK chief following pressure from MPs.
Scientific Games agreed a 12-year scratchcard partnership with Hellenic Lotteries, part of Allwyn Hellas, after a competitive procurement process. The supplier has introduced 14 instant scratchcard games, launched in May, and the agreement allows the parties to explore digital lottery offerings in future.
Brazil's government issued Provisional Measure 1.394/2026 on 25 September, provisionally prohibiting fixed-odds betting and online gambling, according to the report. Licensed companies have ten days to close operations, and the measure still requires parliamentary approval. Flutter said it had stopped operating in Brazil and estimated that a shutdown through the rest of 2026 would reduce revenue by about US$70m and adjusted EBITDA by about US$20m.
Allwyn said Betano was preparing legal action to protect its rights in Brazil, the brand’s largest market. Entain said it now expected to reach the lower end of its full-year 2026 guidance ranges, while Better Collective shares fell 25%.